A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Bahrain Development Bank reaches $100m fund close
The vehicle will be used to support startups across the Middle east and North Africa.
Beijing launches $4.6bn science and technology fund
The city’s government plans to use the vehicle in invest in up to 100 global funds.
IFC joins Konfio $25m series C round
The Mexican fintech startup has now raised more than $100m
UST Global raises $250m from Temasek
The worldwide tech services firm is now valued at $1bn.
Temasek leads $20m CashShield series B round
The fraud-management business has brought its total funding to $25.5m.
Meituan Dianping makes for public markets
The Temasek-backed local services platform, which counts Tencent as its largest investor, has filed for an offering that could net more than $4bn at a $60bn valuation.
Xiaomi finalises $4.7bn IPO
The GIC-backed electronics maker will float the bottom of its range, in an offering that is still the largest for a tech company since 2014.
Helix seals $200m series B round
The personal genomics product supplier has closed a round featuring corporates Illumina and Mayo Clinic after receiving funding from Temasek.